Notices & Disclosures

Funds Availability Disclosure

Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit, except for electronic direct deposits which will be available upon day of receipt. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and federal holidays. In general, if you make a deposit before 5:00 p.m. at an Automated Teller Machine or before the close of business with one of our tellers on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 p.m. at an Automated Teller Machine, after close of business with one of our tellers, or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Note: Some locations may have reduced or extended hours. Please refer to individual branch hours for exact times.

LONGER DELAYS MAY APPLY

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposit will be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you a notice by the day after we receive your deposit.

If you will need the funds from the deposit right away, you should ask us when the funds will be available.

In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

·A check you deposited was previously returned unpaid.

·You have overdrawn your account repeatedly in the last six months.

·There is an emergency, such as failure of communications or computer equipment.

We believe a check you deposit will not be paid for one of the following reasons:

·We received notice that the check is being returned unpaid.

·We are unable to verify an endorsement.

·There are erasures, inconsistencies, or other apparent alterations on the check.

·Some information on the check is not consistent with other information on the check.

·We have been notified that the check has been lost or damaged in collection.

·The check is postdated or has a stale date.

·The check has an invalid routing and/or account number.

·Information from the paying bank indicates that the check may not be paid.

·You deposit checks totaling more than $5,000 on any one day.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. For example, if we cash a $200 local check for you, $200 of funds already in your account may not be available until the first business day after the day we cashed the check.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new customer, the following special rules will apply during the first 30 days your account is open.

The first $5,000 from a deposit of U.S. Treasury checks will be available on the first business day after the day of your deposit. The excess over $5,000 will be available no later than the seventh business day after the day of your deposit. Funds from wire transfers into your account will be available on the first business day after the day we receive the transfer.

Funds from deposits of cash, and the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available no later than the seventh business day after the day of your deposit. If you do not make the deposit in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available no later than the seventh business day after the day of your deposit, except for electronic direct deposits which will be available upon day of receipt.

FOR DEPOSITORS OF REMOTELY CREATED CHECKS

In cases where remotely created checks, also called preauthorized withdrawals are deposited. Federal rules allow for the payor to dispute such withdrawals for up to 90 days from the date the item is paid from their account. First Bank Kansas reserves the right to chargeback any items that are returned to us unpaid within the proper timeframe and according to federal guidelines.